NRG Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $95.23 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.59

53k P / 91k C

Put/Call (Volume)

0.65

1k P / 2k C that session

30d ATM IV

48%

annualized implied move

Call wall

$120

18k contracts

Put wall

$50

7k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.59 puts per call outstanding.
●Call wall at $120 (18k contracts), 26% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (7k contracts), 47% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.4× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	939	611	0.65	393
2026-10-16	15k	3k	0.17	367
2026-10-23	254	207	0.81	53
2026-10-30	248	527	2.13	51
2026-11-06	114	44	0.39	21
2026-11-13	0	0	—	20
2026-11-20	17k	1k	0.07	787
2026-12-18	39k	15k	0.37	238
2027-01-15	7k	19k	2.91	185
2027-03-19	4k	7k	1.70	140
2027-06-17	2k	2k	0.83	97
2027-09-17	120	585	4.88	2
2028-01-21	1k	4k	2.64	77
2029-01-19	176	149	0.85	170

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.